Economics of Vaccine Development
A July 2012 report of the HIV Vaccines & Microbicides Resource Tracking Working Group estimates that $845 million was spent on AIDS vaccine research in 2011.
Economic issues with developing an AIDS vaccine include the need for advance purchase commitment (or advance market commitments) because after an AIDS vaccine has been developed, governments and NGOs may be able to bid the price down to marginal cost.
Read more about this topic: HIV Vaccine
Famous quotes containing the words economics of, economics and/or development:
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)
“The experience of a sense of guilt for wrong-doing is necessary for the development of self-control. The guilt feelings will later serve as a warning signal which the child can produce himself when an impulse to repeat the naughty act comes over him. When the child can produce his on warning signals, independent of the actual presence of the adult, he is on the way to developing a conscience.”
—Selma H. Fraiberg (20th century)